Last checked at 22 May 2020 11:21
22 May 2020
Headlam Group plc
('Headlam' or the 'Company')
2020 Annual General Meeting ('AGM') Poll Results
The Board of Headlam is pleased to announce that all the resolutions put to its shareholders at the AGM held earlier today were duly passed by the requisite majorities on a poll.
In accordance with Listing Rule 9.6.2, copies of the special business resolutions (2, 13, 14 and 15) passed at the AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The results of the poll for each resolution are shown below:
Resolution | Votes For (including discretionary votes) | Votes Against | Votes Withheld | Total Votes Cast (excluding Votes Withheld) | ||||
No. of Votes | % of votes cast | No. of Votes | % of votes cast | No. of Shares | No. of Votes | % of Issued Share Capital** | ||
1. | Receive the Annual Report and Accounts | 66,425,236 | 99.99 | 8,055 | 0.01 | 158,030 | 66,433,291 | 78.24 |
2. | Approve the Remuneration Policy | 55,614,382 | 92.57 | 4,463,551 | 7.43 | 6,513,388 | 60,077,933 | 70.75 |
3. | Approve the Remuneration Report | 59,378,521 | 99.75 | 146,207 | 0.25 | 7,066,594 | 59,524,728 | 70.10 |
4. | Re-elect Philip Lawrence | 66,555,526 | 99.95 | 35,795 | 0.05 | 0 | 66,591,321 | 78.43 |
5. | Re-elect Steve Wilson | 66,397,454 | 99.71 | 193,868 | 0.29 | 0 | 66,591,322 | 78.43 |
6. | Re-elect Chris Payne | 66,561,941 | 99.96 | 29,381 | 0.04 | 0 | 66,591,322 | 78.43 |
7. | Re-elect Amanda Aldridge | 66,570,582 | 99.97 | 20,740 | 0.03 | 0 | 66,591,322 | 78.43 |
8. | Re-elect Keith Edelman | 59,801,384 | 89.8 | 6,789,937 | 10.2 | 0 | 66,591,321 | 78.43 |
9. | Re-elect Alison Littley | 66,570,582 | 99.97 | 20,740 | 0.03 | 0 | 66,591,322 | 78.43 |
10. | Re-appoint PricewaterhouseCoopers LLP as the Auditor | 66,588,109 | 99.99 | 2,000 | 0.01 | 1,213 | 66,590,109 | 78.42 |
11. | Authorise the Directors to determine Auditor's remuneration | 66,586,816 | 99.99 | 4,506 | 0.01 | 0 | 66,591,322 | 78.43 |
12. | Authorise allotment of shares | 66,588,029 | 99.99 | 3,293 | 0.01 | 0 | 66,591,322 | 78.43 |
13. | Disapply pre-emption rights* | 66,586,662 | 99.99 | 4,660 | 0.01 | 0 | 66,591,322 | 78.43 |
14. | Authorise purchase of own shares* | 66,392,819 | 99.71 | 196,348 | 0.29 | 2,154 | 66,589,167 | 78.42 |
15. | Call general meetings on 14 days' notice* | 66,096,966 | 99.26 | 494,356 | 0.74 | 0 | 66,591,322 | 78.43 |
* Indicates a special resolution requiring a 75% majority of votes cast
** Excludes treasury shares
Notes:
1 A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.
2 As at the voting record date, Headlam had 85,452,093 ordinary shares in issue, of which 84,910,815 held voting rights.
3 To calculate the proxy votes as a percentage of shares in issue, treasury shares were excluded.
Enquiries:
Headlam Group plc | Email: headlamgroup@headlam.com |
Steve Wilson, Chief Executive Chris Payne, Chief Financial Officer Catherine Miles, Director of Communications | |
Investec Bank plc (Corporate Broker) | Tel: 020 7597 5970 |
David Flin / Alex Wright | |
Panmure Gordon (UK) Limited (Corporate Broker) | Tel: 020 7886 2500 |
Erik Anderson / Dominic Morley / Ailsa Macmaster | |
Buchanan (Financial PR and IR) | Tel: 020 7466 5000 |
Mark Court / Toto Berger |
Notes for Editors:
Operating for 28 years and employing 2,575 people as at 31 December 2019, Headlam is Europe's leading floorcoverings distributor.
Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers across the globe manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.
The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.
To maximize customer and market penetration, and reflecting the regionalised nature of the marketplace, Headlam comprises 67 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.
In 2019, Headlam worked with 190 suppliers from 19 countries and fulfilled 5.3 million customer orders.
www.headlam.com